Global shipping rates are reaching unprecedented levels as Middle East trade routes close 🚢📈

Global shipping lines are seeing daily tanker earnings skyrocket from under $100,000 to more than $700,000 amidst growing Middle Eastern conflicts 🚢📈 With access through the Red Sea and Suez Canal severely restricted, cargo vessels carrying up to two million barrels of oil must bypass the region entirely by sailing around Africa. New episodes Tuesday to Friday at 6AM⏰ Tune in to Business As Usual, brought to you by Workday. Link in bio. #Shipping #Maritime #GlobalTrade #Economy #BusinessNews #OilIndustry Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam